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Overall Survey Results:


Davis & Hodgdon Associates Semi-Annual Economic Survey


1Please indicate your business industry.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Agriculture
   
3 3.0%
Artisan
   
2 2.0%
Construction
   
10 10.2%
Educational Services
   
1 1.0%
Finance & Insurance
   
10 10.2%
Health Care & Social Assistance
   
5 5.1%
Hotel & Restaurant
 
0 0.0%
Information
   
3 3.0%
Manufacturing
   
11 11.2%
Professional, Technical
   
20 20.4%
Retail trade
   
9 9.1%
Transportation & Warehousing
   
1 1.0%
Utilities
 
0 0.0%
Wholesale Trade
 
0 0.0%
Other
   
22 22.4%
No Responses
   
11.0%
 Totals98100%
2County of Headquarters:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Addison
   
2 2.0%
Bennington
   
4 4.0%
Caledonia
   
1 1.0%
Chittenden
   
37 37.7%
Essex
 
0 0.0%
Franklin
   
1 1.0%
Lamoille
   
3 3.0%
Orange
   
4 4.0%
Orleans
   
3 3.0%
Rutland
   
8 8.1%
Washington
   
16 16.3%
Windham
   
8 8.1%
Windsor
   
9 9.1%
No Responses
   
22.0%
 Totals98100%
3Please indicate the scope of your marketplace.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Exclusive to Vermont
   
25 25.5%
Multi-state
   
39 39.7%
National
   
14 14.2%
International
   
18 18.3%
No Responses
   
22.0%
 Totals98100%
4If the scope of your marketplace is at the multi-state, national, and/or international level, please indicate the percentage of your business done outside of Vermont.
 
Answer
0%100%
Number of
Responses
Response
Ratio
Less than 25%
   
31 31.6%
25-50%
   
16 16.3%
50-75%
   
7 7.1%
75+%
   
24 24.4%
No Responses
   
2020.4%
 Totals98100%
5Please identify your total annual revenue in fiscal year 2015.
 
Answer
0%100%
Number of
Responses
Response
Ratio
$0 - $250k
   
13 13.2%
$251k - $1M
   
25 25.5%
$1.1M - $3M
   
20 20.4%
$3M+
   
38 38.7%
No Responses
   
22.0%
 Totals98100%
6How do you expect your company's sales to change in the next six months?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Increase by less than 10%
   
32 32.6%
Increase by 10-30%
   
17 17.3%
Increase by 30+%
   
4 4.0%
Decrease by less than 10%
   
7 7.1%
Decrease by 10-30%
   
11 11.2%
Decrease by 30+%
   
2 2.0%
No change
   
24 24.4%
No Responses
   
11.0%
 Totals98100%
7How do you expect your company's capital spending to change in the next six months?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Increase by less than 10%
   
16 16.3%
Increase by 10-30%
   
11 11.2%
Increase by 30+%
   
5 5.1%
Decrease by less than 10%
   
7 7.1%
Decrease by 10-30%
   
10 10.2%
Decrease by 30+%
   
8 8.1%
No change
   
40 40.8%
No Responses
   
11.0%
 Totals98100%
8Please indicate your business' total number of employees including self.
 
Answer
0%100%
Number of
Responses
Response
Ratio
1 - 10
   
37 37.7%
11 - 25
   
25 25.5%
26 - 50
   
11 11.2%
51 - 75
   
2 2.0%
75+
   
21 21.4%
No Responses
   
22.0%
 Totals98100%
9How do you expect your company's employment to change in the next six months?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Increase staffing by 1-3 people
   
24 24.4%
Increase staffing by 3+ people
   
14 14.2%
Decrease staffing by 1-3 people
   
7 7.1%
Decrease staffing by 3+ people
   
7 7.1%
No change
   
45 45.9%
No Responses
   
11.0%
 Totals98100%
10Please check the top three key issues facing your business in 2016:
 
Answer
0%100%
Number of
Responses
Response
Ratio
Minimum wage and overtime compensation changes
   
13 13.5%
Taxes (Federal and Vermont)
   
55 57.2%
Health insurance costs
   
51 53.1%
Finding qualified employees
   
55 57.2%
Sources of Financing
   
11 11.4%
Property tax (education funding)
   
26 27.0%
Internet security
   
11 11.4%
Succession planning
   
16 16.6%
Other
   
26 27.0%
 Totals96100%

11How would you describe the current state of Vermont's economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
15 15.3%
No change
   
22 22.4%
Declining
   
53 54.0%
Unsure/Do not know
   
7 7.1%
No Responses
   
11.0%
 Totals98100%
12How would you describe the current state of the U.S. economy?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Improving
   
33 33.6%
No change
   
28 28.5%
Declining
   
29 29.5%
Unsure/Do not know
   
8 8.1%
No Responses
 
00.0%
 Totals98100%
13What is the one key business economic issue that you would like to see addressed by the state legislature?
 
 Number of
Responses
  86
14If you had the opportunity to move your business outside of Vermont, how likely is it that you would do so?Check all that apply.
 
Answer
0%100%
Number of
Responses
Response
Ratio
No, I would not want to move my business out of state.
   
39 40.2%
I would but all of my clients are in Vermont so that is not an option for me.
   
16 16.4%
Yes, I would move my business outside of Vermont.
   
30 30.9%
I'm not sure.
   
9 9.2%
Other
   
5 5.1%
 Totals97100%

15Has Vermont's overall tax burden caused you to consider relocation of your residence in the last 12 months? 
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes, plans were put in motion
   
20 20.4%
Yes, but not serious consideration
   
40 40.8%
No
   
34 34.6%
No Responses
   
44.0%
 Totals98100%

16Please enter the information indicated below if you would like additional information including results. (optional)
 
AnswerNumber of
Responses
First Name 35
Last Name 35
Company Name 35
Email Address 37

   
17Would you be willing to discuss your survey answers?
 
Answer
0%100%
Number of
Responses
Response
Ratio
Yes
   
38 38.7%
No
   
47 47.9%
No Responses
   
1313.2%
 Totals98100%